{"id":114361,"date":"2021-02-25T15:20:26","date_gmt":"2021-02-25T15:20:26","guid":{"rendered":"https:\/\/precoinnews.com\/?p=114361"},"modified":"2021-02-25T15:20:26","modified_gmt":"2021-02-25T15:20:26","slug":"bitcoin-and-ether-market-update-february-25-2021","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/crypto\/bitcoin-and-ether-market-update-february-25-2021\/","title":{"rendered":"Bitcoin and Ether Market Update February 25, 2021"},"content":{"rendered":"
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The Ethereum Project token ETH peaked at $1,978 on Sunday but was unable to print a new high most probably as a direct result of the already exhausted short-term uptrend. The leading altcoin closed the day and the week in green but was not in a position to consolidate in the area mainly due to the lack of high incoming trading volumes.<\/p>\n
On Monday, it followed the example of BTC and the rest of the major altcoin and registered a double-digit loss by nosediving to $1,542. It partially recovered by climbing back up to $1,777 at the daily close, but the overall market sentiment was turning bearish.<\/p>\n
The Tuesday session was no different and the ether erased another 11 percent of its value. It is worth noting that the ETH\/USD pair was trading at $1,351, or right below the short-term EMAs during intraday.<\/p>\n
The third day of the workweek was a good one for buyers. The price of ether was moving up and down between the 26 and 50-day EMAs before closing with a short green candle to $1,630 on the daily chart.<\/p>\n
The coin is trading flat as of the time of writing this article.<\/p>\n